Medco E&P to use Apexindo?s Rig 14
Thursday, October 13 2005 - 04:09 AM WIB
Indonesian top drilling contractor PT Apexindo Pratama Duta said it had signed a Letter of Intent worth US$1,992,663 with PT Medco E&P Indonesia for the use of its Rig 14.
In a recent statement to the Jakarta Stock Exchange Apexindo said the rig would be used to drill an onshore well.
The Rig 14 is currently located in Bojonegara, Banten province, according to Apexindo?s fleet update report.
Both Apexindo and Medco E&P are subsidiaries of publicly listed oil and gas firm PT Medco Energi Internasional. (Robert)